Japanese renewal season ‘quite smooth’ – Willis Re
With significant increases in original pricing and improved terms, brokers were able to find enough capacity to get the Japanese renewals done despite early concerns that they might run into trouble.
Speaking after the publication of Willis Re's "1st View" renewals report, James Vickers, chairman of Willis Re International, said that the market had avoided the late, fractious renewal predicted in some quarters.
"It was no more late or difficult than any renewals season," Vickers said. "I think the key...
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